Pioneer Expands Scope of Services with Leading Home Improvement Retailer
Adds 80 additional locations following successful pilot, generating revenue from installations and ongoing monitoring
Fort Lee, NJ, July 17, 2018 / PRNewswire /– Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced that its Critical Power Division has received a follow-on order to provide remote monitoring of the emergency power systems at an additional 80 store locations for a leading US based home improvement retailer. The order is a result of the successful 2 store pilot program that was awarded to and implemented by Pioneer in the second half of 2017.
The program utilizes Pioneer Power proprietary solutions, which enable comprehensive asset management for onsite power generation and enable real-time tracking of important generator metrics, as well as extended tracking and trend-identification of said data over weeks and months. These monitoring systems also provide remote test, start and stop capabilities for onsite power systems. Pioneer’s network operations center can help to anticipate and identify potential failures or overloads before they occur, often before a customer is aware of an issue. Pioneer generates revenue from the installation of the remote monitoring and emergency power systems, as well as ongoing, contracted revenue for the monitoring.
“The success of the initial pilot program demonstrated the importance and benefits of continually monitoring power solutions for this high-profile retailer, which led to expansion of the program to an additional 80 store locations, and with more than 2,000 store locations, we look forward to further expanding our relationship with this important customer,” commented Nathan Mazurek, Pioneer’s Chairman and Chief Executive Officer. “In addition, this high-profile retailer serves as validation for our solutions, and we will seek to grow our presence with other similar deployments in the future.”
Mr. Mazurek continued, “This customer unilaterally recognized that mitigating power disruptions is a critical and necessary component of an effective risk management strategy. Our remote monitoring solutions and services provide our customers with the equipment, tools and processes to anticipate and avert outages before they occur, minimizing business disruptions. In addition, Pioneer’s solution is equipment agnostic, enabling customers to utilize our remote monitoring platform on virtually any backup system from any manufacturer.”
The company offers its state-of-the-art remote monitoring solution, complete with installation, services, support and updates, for its own full-line of power generation equipment and as an add-on to third party installed systems. The solution is currently offered as an upgrade to new or previously installed systems and is provided under standard terms of an Annual Maintenance Agreement. For more information regarding Pioneer’s remote monitoring solutions, please contact Brandon Martinson, General Manager at email@example.com
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company’s principal products and services include custom-engineered electrical transformers, low and medium voltage switchgear and engine-generator sets and controls, complemented by a national field-service organization to maintain and repair power generation assets. Pioneer is headquartered in Fort Lee, New Jersey and operates from 12 additional locations in the U.S., Canada and Mexico for manufacturing, centralized distribution, engineering, sales, service and administration. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
Safe Harbor Statement:
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Brett Maas, Managing Partner